3114 Marshall StRichmond, VA 23230

Property Details for 3114 Marshall St

Year built

1947

Construction

TYPE NOT SPECIFIED

Lot size

0.19 AC

Property size (Sq ft)

7,500 SF

Zone code

M-1 LIGHT INDUSTRIAL

Property type

Office properties

Property subtype

Office buildings

APN

N-000-1712-020

APU

N0001712020

Description

This exceptional 1,550-square-foot office space is ideally situated on the first floor of 3114 W Marshall St in Richmond, Virginia's vibrant Scotts Addition submarket. The property offers a traditional office layout seamlessly blending with creative office elements, making it suitable for a variety of businesses. The single-tenant occupancy ensures privacy and control. The space features a well-designed reception area and several private offices, providing ample room for both collaborative work and individual focus. Its location within the historic Scotts Addition neighborhood offers unparalleled convenience, with easy access to a diverse range of dining options, breweries, apartments, and entertainment venues. The property's address is 3114 W Marshall St, Richmond, VA 23230. The zip code is 23230. The building's total square footage is not currently available. This first-floor space presents a unique opportunity to establish a thriving business in a highly sought-after location. The property is categorized as both a Traditional and Creative Office space. Its convenient location and versatile layout make it an attractive option for businesses seeking a blend of professional ambiance and vibrant neighborhood energy. The property is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,655,217

  6.5%

  $1,527,893

  7%

  $1,418,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,252,575

  Geo Method

  $1,252,575

• Alternative Use

  Use

  Valuation

  Residential

  $1,894,587

  Hospitality

  $1,735,432

  Educational

  $1,443,859

  Medical

  $1,493,515

  Retail

  $2,246,002

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5665

Longitude

-77.4731

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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